Abrdn Healthcare Investors (NYSE:HQH) Stock Passes Below Fifty Day Moving Average – Should You Sell?

Shares of Abrdn Healthcare Investors (NYSE:HQH) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $17.25 and traded as low as $16.54. Abrdn Healthcare Investors shares last traded at $16.74, with a volume of 209,411 shares traded.

Abrdn Healthcare Investors Trading Up 0.1 %

The stock has a fifty day moving average price of $17.23 and a two-hundred day moving average price of $18.06.

Abrdn Healthcare Investors Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, November 21st will be issued a $0.62 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.48 dividend on an annualized basis and a yield of 14.81%. This is an increase from Abrdn Healthcare Investors’s previous quarterly dividend of $0.59.

Institutional Investors Weigh In On Abrdn Healthcare Investors

A number of large investors have recently added to or reduced their stakes in HQH. Private Advisor Group LLC increased its holdings in Abrdn Healthcare Investors by 3.1% in the 2nd quarter. Private Advisor Group LLC now owns 37,448 shares of the financial services provider’s stock valued at $654,000 after buying an additional 1,140 shares during the period. NINE MASTS CAPITAL Ltd bought a new position in Abrdn Healthcare Investors in the second quarter valued at approximately $1,350,000. Prevail Innovative Wealth Advisors LLC lifted its stake in Abrdn Healthcare Investors by 18.3% during the second quarter. Prevail Innovative Wealth Advisors LLC now owns 70,138 shares of the financial services provider’s stock worth $1,225,000 after purchasing an additional 10,844 shares during the last quarter. City of London Investment Management Co. Ltd. boosted its holdings in shares of Abrdn Healthcare Investors by 155.4% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 68,971 shares of the financial services provider’s stock valued at $1,204,000 after purchasing an additional 41,971 shares in the last quarter. Finally, EverSource Wealth Advisors LLC bought a new position in shares of Abrdn Healthcare Investors in the 2nd quarter valued at $93,000. Institutional investors and hedge funds own 32.60% of the company’s stock.

Abrdn Healthcare Investors Company Profile

Abrdn Healthcare Investors is a closed-ended equity mutual fund launched and managed by abrdn Inc The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the healthcare sector, including the biotechnology, medical devices, and pharmaceuticals industries.